Dominari Holdings (NASDAQ:DOMH), a financial services and investment firm, today announced its preliminary, unaudited revenue results for the full year ended December 31, 2024, showcasing remarkable growth.
The company anticipates total revenue of approximately $19 million for 2024, a staggering 900% increase from $2 million in 2023.
A robust fourth quarter, contributing over $8 million to the annual total, underscored this performance.
Dominari attributes the surge to its successful growth strategy and rising demand for its investment banking services.
Key business developments in 2024 further highlight Dominari’s momentum.
The company co-founded American Data Centers (ADC), securing a 32% ownership stake alongside Donald J. Trump Jr., Eric Trump, and AI industry experts.
ADC aims to develop energy-efficient data centers to support the booming need for high-performance computing infrastructure.
Additionally, Dominari Securities, a subsidiary, gained FINRA approval to expand operations by adding 50 new seats and opening new office locations.
In a forward-looking move, Dominari launched a Bitcoin treasury strategy, investing a portion of its excess cash and earnings into Blackrock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT), the world’s largest Bitcoin ETF.
With $2 million currently allocated and plans to increase this amount by year-end, the company is positioning itself to capitalize on the growing cryptocurrency market as its cash reserves expand.